Hyderabad, Nov. 2: Andhra Pradesh Chief Minister N. Kiran Kumar Reddy today said his Government will further simplify procedures and extend incentives to the real state sector if they ensure self-regulation and pass on benefits to consumers.

“We will empower you and simplify procedures so that there is no delay in securing clearances. Even the single-window clearance may not be necessary if the developers ensure that they stick to regulatory norms,” he said.

Speaking at the Confederation of Real Estate Developers’ Associations of India (CREDAI) property show here today, the Chief Minister said even before an application for clearance has received the nod from the Government, builders could go ahead with their architectural and other works. And, possibly, even construct, provided they adhere to norms.

However, for those taking any advantage of such flexibility, severe penal action would be initiated, he said.

The Government is also further simplifying norms and offering sops to buildings that set up solar installations, water harvesting units and sewerage treatment facilities for recycling. They may be extended the benefit of lower taxation, he said.

There is a focus on ensuring clear titles by clearing dual and multiple registrations through land documents. Through the Mee Seva it will be possible to ensure total transparency of title deeds, he said.

Earlier, the President of CREDAI, AP Chapter, C. Sekhar Reddy, said CREDAI is seeking to bring about transparency in the system, making its members accountable. The idea is to ensure customers do not have grievances. Their issues will be resolved amicably.

PUNE: The Confederation of Real Estate Developers Association of India (Credai), Pune Metro, said on Friday that the state government's decision to stick to its stand on the Value Added Tax (VAT) on residential properties in the state - sold during the period June 2006 to March 2010 - will lead to multiple legal cases and cause ill-will between the developers and home buyers.

MANGALORE: The cinema viewing experience for Mangaloreans underwent a dramatic change in 2006 - when the first three-screen multiplex started operating in the first mall of the city. Adlabs (now Big Cinemas) multiplex started with three screens and added one more screen a year later. Since then there has not been much of a change in the multiplex scene in the city.

MUMBAI: The committee appointed by the Ministry of Urban Development to streamline approval procedures for real estate projects is expected to submit its report by the month-end, a senior official said here today.

NEW DELHI: Industry body Ficci today said the government should relook at certain clauses of the proposed Land Acquisition Bill such as role of state governments and the entitlements for the private sector, prior to placing it before the Cabinet.

India’s largest real estate exposition today got off to a flying start at BKC grounds, Mumbai, featuring over 15,000 properties with over 120 developers participating. Axis bank is the co-organiser of the exhibition.